Apple Watch for Blood Sugar Readings
Apple Inc. has a project known as E5, which aims to provide non-invasive and continuous glucose monitoring for diabetics without needing to prick the skin for blood. The technology uses silicon photonics chip technology and a process called optical absorption spectroscopy, which involves using lasers to emit specific wavelengths of light into an area below the skin. The interstitial fluid absorbs the light, and the reflected light indicates the concentration of glucose. An algorithm then determines a person’s blood glucose level. The company has been testing the technology on hundreds of people for over a decade, and it is now considered to be in the proof-of-concept stage. Apple’s goal is to create a preventative measure to warn people if they’re prediabetic, enabling them to make lifestyle changes to avoid developing type 2 diabetes. The company has already held early discussions with regulatory bodies about getting approval for the system. Despite being a very speculative project, Apple executives believe they are uniquely positioned to crack the problem. The company’s expertise in hardware and software integration, along with its deep pockets, means that hundreds of engineers are working on the project as part of Apple’s Exploratory Design Group. The ultimate goal is to add the monitoring system to the Apple Watch, which would make the device an essential item for millions of diabetics worldwide.
AAPL Stock Price Forecast & Analysis
Apple Inc: based on the analysis of 38 analysts has the average analyst target price for Apple Inc over the next 12 months at USD 168.02, which indicates that the experts expect the stock to rise from its current value. The average analyst rating for Apple Inc is set at a “Strong Buy”, which suggests that the majority of analysts believe the stock is undervalued and has potential for growth.
Stock Target Advisor’s own analysis of Apple Inc’s stock is Bullish, which means that the platform’s algorithm has identified 11 positive signals and 4 negative signals regarding the stock. This indicates that, based on its proprietary analysis, Stock Target Advisor believes that Apple Inc’s stock has strong potential for growth.
As of the last closing, which is likely referring to the close of trading on the previous trading day, Apple Inc’s stock price was USD 148.48. Over the past week, the stock has decreased by 3.08%, which indicates short-term bearishness. However, over the past month, the stock has increased by 7.70%, which suggests that the trend is upward. Over the last year, the stock has decreased by 11.25%, indicating a longer-term bearish trend.
STA Research is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI.
